FIGARO IV: Large-area balloon-borne telescope to study rapid time variabilities in the gamma-ray sources at energies above 50 MeV

We present a new γ-ray telescope based on the Limited Streamer Tube technology, used as tracking chambers to detect photons above 100 MeV. This technique allows to obtain very large sensitive areas (16 m2 in our experiment), together with a good angular resolution for payloads embarcable in high-altitude balloon flights. The capability to collect a large signal in a short exposure time makes the telescope particularly suitable and competitive with respect to satellite-based detectors for studying both periodic and random time variabilities on galactic and extragalactic γ-ray sources.